It happened around 11 p.m. near the intersection of 50th Street and Parkside Avenue.
Police say the 12-year-old darted out into traffic. The driver of the Maserati hit the child, but did remain on scene.
VIDEO: 12-year-old child struck by Maserati in Parkside
The victim was taken to Children's Hospital of Philadelphia, where they remain in stable condition.
The incident remains under investigation.
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